easyJet shareholders approve GBP5.7 billion takeover by Apollo
easyJet PLC on Wednesday said its shareholders approved the £5.7 billion takeover by asset manager Apollo Management X LP.
The Luton, England-based budget airline expects to complete the deal, agreed in early August, before the end of the first quarter of next year.
easyJet said over 97% of scheme shares voted were cast in favour, with over 83% of voting shareholders supporting the deal, surpassing the required threshold for approval.
The takeover by Delaware-based Apollo would take easyJet private after more than 25 years on the London Stock Exchange.
The deal remains subject to EU regulatory scrutiny.
easyJet shares were down 0.3% to 688.60 pence on Wednesday in London.
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